Regulatory Context
As the global banking industry continues to recover from the recent financial crisis; government agencies have aggressively imposed stricter regulations in order to help avoid the possibility of an economic collapse in the future. This has created in our view a complex regulatory landscape for many corporate and investment banks as there are multiple, competing and overlapping regulations.

Source: Accenture, December 2012

Due to the large number of regulations imposed on financial institutions in such a short period of time, consideration should be given to prioritizing each regulation based upon the complexity of its implementation and its business impact (See chart below).

Source: Accenture, June 2013

 

Challenges with Business Implementation and Adoption

In the face of extensive and complex global regulatory reform programs, banks are challenged to help verify that the business thoroughly understands, implements and adopts the required changes resulting from new regulatory requirements.

Challenges faced while implementing strategic goals

Source: Accenture, June 2013

 

Where Accenture can help

To help address the challenges posed by new regulatory requirements across the enterprise, Accenture suggests financial services institutions consider implementing a well-developed Enterprise Project Management Office (PMO) structured along three key functions: resource management, delivery management and business/change readiness.

Source: Accenture, June 2013

 

Business Readiness Mandate

Accenture has the skillset and regulatory experience required to help financial institutions implement a favorable Business Readiness Mandate in order to comply with the on-going demands of regulators. In the charts that follow, we touch on the building blocks for a business readiness program, including a structure and approach.

Source: Accenture, June 2013

 

Example of a Business Readiness Organization

Source: Accenture, June 2013

 

Example of a Business Readiness Implementation Approach

Source: Accenture, June 2013
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